April 27, 2017 Comments Off on Tax Abatement Finalized for $200M Project Views: 338 Texas - Other, Texas News

Tax Abatement Finalized for $200M Project

Smith County Commissioners finalized a tax abatement agreement for two Sanderson Farm sites in the county and adjacent Wood County. The East Texas sites, which will be used for a chicken hatchery and feed mill/rail yard, are being considered for a $200 million project that could bring up to 1,700 jobs to the area.

The agreement means the company will have 80% of its county property taxes abated for the first seven years. Half the taxes will be abated for the next three years. The abatements are contingent on the company meeting established employment goals each year.

Some concerns were aired about potential pollution and increased truck traffic on county roads. However, Tom Mullins, with the Tyler Area Economic Development Council, indicated that Sanderson has won awards for its environmental practices.

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